(February 28, 2011) Environmental NGO claims that carbon credits could lead to massive land grabs for environmentally damaging projects such as biofuels and industrial tree planting, and creates perverse incentives that reward pollution.
Probe International executive director Patricia Adams discusses carbon fraud on BNN
(February 23, 2011) Patricia Adams appeared on BNN’s SqueezePlay yesterday to discuss theft and fraud in carbon markets. Click the link below to watch the full video.
Patricia Adams responds to a Cap and Trade advocate
(February 16, 2011) In a February 14th National Post article, author Dan Gardner argued that ‘command and control’ environmental regulations should be replaced with a cap and trade system. But as Probe International Executive Director Patricia Adams points out, cap and trade is just another varient of the ‘command and control’ approach that Mr. Gardner claims to oppose. Below is her response in today’s National Post.
Lagos eyes financial boom from climate doom
(February 14, 2011) The article from the Daily Independent in Nigeria explains how governments can profit from the panic over climate change.
Carbon Credit Watch: First credits for ‘forestry preservation’ cashed in; Philippines argues nuclear power should also qualify
(February 9, 2011) A Kenyan company has become the first recipient of Reduced Emissions from Deforestation and Degradation (REDD) credits. Meanwhile, the Government of the Philippines argues that carbon credits should be issued for nuclear power.
Troubling similarities between carbon credits and mortgage derivatives
(February 8, 2011) Chuck Spinney at the Atlantic has written an interesting article comparing carbon credits to the complex mortgage dervativs that led to the financial meltdown.
Carbon Credit Watch: Austria refuses to publish serial numbers of stolen credits, vow they will not re-enter the market
(February 8, 2011) Austrian officials claim to have tracked down many stolen carbon credits, but have refused to disclose their serial numbers. They claim that they will not re-enter the system. Not everyone is satisfied with this assurance.
Carbon Credit Watch: Carbon trading resumes, trading volumes dismal
(February 7, 2011) Carbon trading has resumed in five EU Countries, though volumes have remained dismal due to concerns over the integrity of carbon markets.
Carbon Credit Watch: Carbon market freeze continues as European Commission attempts to stamp out fraud
(February 3, 2011) Ongoing concerns about fraud and corruption in carbon trading has lead the European Commission to indefinitely extend the freeze on trading in carbon allowances. Read about this and other stories in our carbon market media roundup.
Carbon Credit Watch: Researchers say it may be time to scrap carbon markets
(January 26, 2011) As the criticisms of carbon markets continue to mount, some researchers are beginning to look for alternatives to the controversial market. Read that and other stories in our carbon market roundup.
Carbon Credit Watch: Fraud in carbon markets continues
(January 21, 2011) Cases of fraud and corruption have plagued carbon markets since their inception more than five years ago. As recent media reports suggest, officials in charge of regulating these markets have failed to keep them clean.
Tale of two subsidies: Chinese government earns millions in carbon credit subsidies, while US trade officials cry foul
(December 17, 2010) The Chinese government is earning millions of dollars in tax revenue from the sale of carbon credits, while trade officials in the U.S. accuse it of unfairly subsidizing its clean energy industry.
Once again, UN pays polluters with carbon credits
(December 17, 2010) The U.N. backtracks on its promise to suspend approval of carbon credits for contentious projects, writes Brady Yauch.
China Threatens Deliberate Release of Potent Greenhouse Gas
(December 9, 2010) Critics say China is using the U.N.’s carbon credit scheme to hold developed countries to “climate ransom.”
Carbon Credit fraud discovered in Ukraine
(October 20, 2010) Ukraine is the latest country to face allegations of fraud connected with carbon credits, writes Brady Yauch.